Table 2-4 Table 2-4 Shows the Number of Labor Hours Required to of Labor

question 107

Multiple Choice

Table 2-4

Table 2-4 shows the number of labor hours required to produce a cell phone and a board foot of lumber in Estonia and Finland.
-Refer to Table 2-4.What is Estonia's opportunity cost of producing one board foot of lumber?

• A) 0.2 cell phones
• B) 5 cell phones
• C) 8 cell phones
• D) 32 cell phones

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Definitions:

Incentives

Rewards or motivations provided to encourage specific behaviors or outcomes.

Simplify

No clear definition since "simplify" refers to the process of making something easier to understand or less complicated.

Performance Deficiencies

The gap between actual and desired performance levels in any task or job, indicating areas that need improvement.

Motivated

Being driven or prompted to act towards a goal due to internal or external factors.